Land Registry
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The October data shows:
- on average, house prices have risen by 0.2% since September 2024
- there has been an annual price rise of 3.4% which makes the average property in the UK valued at 292,000
England
In England the October data shows, on average, house prices have risen by 0.1% since September 2024. The annual price rise of 3% takes the average property value to 309,000.
- The South West experienced the most significant monthly increase with a movement of 1.5%
- The North East saw the greatest monthly price fall, with a fall of -1.6%
- The North East experienced the greatest annual price rise, up by 4.7%
- London saw the lowest annual price growth, with a rise of -0.2%
The regional data for England indicates that:
Price change by region for England
| Region | Average price Oct 2024 | Annual change % since Oct 2023 | Monthly change % since Sep 2024 |
|---|---|---|---|
| East Midlands | 251,000 | 3.9 | 0.9 |
| East of England | 344,000 | 2.7 | 0.7 |
| London | 520,000 | 0.2 | -1.4 |
| North East | 167,000 | 4.7 | -1.6 |
| North West | 225,000 | 4.4 | 0.2 |
| South East | 382,000 | 1.7 | -0.3 |
| South West | 325,000 | 2.7 | 1.5 |
| West Midlands | 256,000 | 3.7 | -0.3 |
| Yorkshire and the Humber | 217,000 | 4.6 | 0.7 |
Repossession sales by volume for England
The lowest number of repossession sales in August 2024 was in East of England.
The highest number of repossession sales in August 2024 was in the North East.
| Repossession sales | Aug 2024 |
|---|---|
| East Midlands | 4 |
| East of England | 3 |
| London | 12 |
| North East | 18 |
| North West | 8 |
| South East | 8 |
| South West | 0 |
| West Midlands | 6 |
| Yorkshire and the Humber | 7 |
| England | 66 |
Average price by property type for England
| Property type | Oct 2024 | Oct 2023 | Difference % |
|---|---|---|---|
| Detached | 468,000 | 456,000 | 2.7 |
| Semi-detached | 298,000 | 288,000 | 3.5 |
| Terraced | 248,000 | 257,000 | 3.4 |
| Flat/maisonette | 252,000 | 257,000 | 1.8 |
| All | 309,000 | 300,000 | 3 |
Funding and buyer status for England
| Transaction type | Average price October 2024 | Annual price change % since October 2023 | Monthly price change % since September 2024 |
|---|---|---|---|
| Cash | 289,000 | 2.5 | 0.2 |
| Mortgage | 319,000 | 3.2 | 0.1 |
| First-time buyer | 259,000 | 3.4 | 0.1 |
| Former owner occupier | 350,000 | 2.5 | 0.1 |
Building status for England
| Building status* | Average price August 2024 | Annual price change % since August 2023 | Monthly price change % since July 2024 |
|---|---|---|---|
| New build | 469,000 | 29.2 | 6.4 |
| Existing resold property | 304,000 | 1 | 0.8 |
*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.
London
London shows, on average, house prices decreased by 1.4% since September 2024. An annual price increase of 0.2% takes the average property value to 518,000.
Average price by property type for London
| Property type | Oct 2024 | Oct 2023 | Difference % |
|---|---|---|---|
| Detached | 1,026,000 | 1,024,000 | 0.2 |
| Semi-detached | 674,000 | 663,000 | 1.6 |
| Terraced | 568,000 | 562,000 | 1 |
| Flat/maisonette | 432,000 | 435,000 | -0.7 |
| All | 520,000 | 519,000 | 0.2 |
Funding and buyer status for London
| Transaction type | Average price October 2024 | Annual price change % since October 2023 | Monthly price change % since September 2024 |
|---|---|---|---|
| Cash | 526,000 | -2.3 | -2 |
| Mortgage | 517,000 | -1.2 | 0.9 |
| First-time buyer | 451,000 | 0.7 | -1.2 |
| Former owner occupier | 591,000 | -0.6 | -1.6 |
Building status for London
| Building status* | Average price August 2024 | Annual price change % since August 2023 | Monthly price change % since July 2024 |
|---|---|---|---|
| New build | 659,000 | 29.6 | 8.5 |
| Existing resold property | 531,000 | 0.5 | 0.5 |
*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.
Wales
Wales shows, on average, house prices rose by 2% since September 2024. An annual price increase of 4% takes the average property value to 222,000.
There were 2 repossession sales for Wales in August 2024.
Average price by property type for Wales
| Property type | Oct 2024 | Oct 2023 | Difference % |
|---|---|---|---|
| Detached | 328,000 | 320,000 | 2.5 |
| Semi-detached | 216,000 | 209,000 | 3.6 |
| Terraced | 176,000 | 168,000 | 4.7 |